Tongcheng Travel: eLong’s Cash Offer for Dida Becomes Unconditional After Securing 51.74% of Shares

Bulletin Express
08/05

Hong Kong-listed Tongcheng Travel Holdings Limited, through its wholly owned subsidiary eLong, Inc., announced that the voluntary general cash offer for all issued shares of Dida Inc. has crossed the 50% threshold and is now unconditional in all respects.

As at 4:30 p.m. on 5 August 2026, eLong had received valid acceptances for 530.96 million Dida shares, representing 51.74% of Dida’s issued share capital. The acceptances comprise: • 320.55 million shares covered by an irrevocable undertaking from 5brothers • 168.89 million shares under an undertaking from Leap Profit • 40.37 million shares from Smart Canvas Investment Limited • 1.16 million shares from Star Celestial Holdings Limited

Meeting the acceptance condition automatically satisfied all other conditions set out in the composite offer document, rendering the offer fully unconditional on 5 August 2026.

The cash offer remains open for acceptance until 4:00 p.m. on 21 August 2026, in accordance with Rules 15.1 and 15.3 of the Hong Kong Takeovers Code. Settlement of valid acceptances will be dispatched within seven business days after the later of (i) 5 August 2026 or (ii) the date on which all relevant documents are received by the receiving agent.

Of the 551.15 million shares originally subject to irrevocable undertakings (53.70% of Dida’s share capital), 20.18 million shares from NBNW Investment Limited have not yet been tendered. Apart from the shares referenced above, neither eLong nor its concert parties have acquired, agreed to acquire, borrowed or lent any other Dida securities during the offer period.

Shareholders and potential investors are advised to review the composite document and exercise caution when dealing in Dida shares. The boards of Tongcheng Travel, Dida and eLong accept full responsibility for the accuracy of the information contained in the joint announcement.

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

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